On the Sep 4th 2021, TAG community has a Telegram AMA with Enjinstarter
At the AMA : Prakash Somosundram, CEO & Cofounder. of Enjinstarter, introduced and shared many interesting information about Enjinstarter.
The AMA will be happening as follows:
Part1: Warm up.
Part2: Answer the selected questions from Twitter. (5 questions)
Part3: The freedom Q&A session. (5 questions)
We will start our AMA with segment 1: Warm up
Tag: Hello everybody, welcome all of you to join today excited AMA session with TAG Ventures and Enjinstarter
Please welcome our special guest today: Mr. Prakash Somosundram – CEO & Cofounder @prakashsomo
Enjinstarter: Hey @Thosinhkim how are you doing ?
Thank you very much to everyone for spending your Saturday night with us
Tag: First, could you please introduce your team and Enjinstarter? @prakashsomo
Enjinstarter: Surely. My name is Prakash Somosundram. I am the CEO and Cofounder of Enjinstarter. I believe my cofounder and CTO Alvin Tang and my head of Social Media , Chris Basil should be here for the AMA.
We are primarily a Singapore based team building for the Multiverse !
Enjinstarter is a launchpad for Blockchain Gaming and Metaverses.
We are seed invested by Enjin and are focused on building the ecosystem for Enjin as well as Efinity.
We are preparing for a Token Sale that will happen at the end of September 2021.
From October onwards we will be hosting Crowdfunding exercises for Blockchain Gaming and NFT projects.
Currently the team is 6 man strong
Tag: That’s wonderful. Thank you for introducing!
What are the competitive advantages of Enjinstarter compared to other projects?
Enjinstarter: Honestly the biggest advantage that we have has to be working with Enjin or our plans to focus on Enjin. Enjin is the earliest pioneer of Blockchain Gaming. They did their ICO in 2017 and currently they are around $1.5 Billion in market cap. They have consistently build alot of infrastructure for the Gaming industry and have also been instrumental in the development of the NFT 1155 standard in NFTs. They are currently working on rolling out a new blockchain on Polkadot called EFINITY and that project will change the entire NFT industry and provide cross chain compatibility for all NFTs.
We will be focused on building their ecosystem and this would be our greatest strength. We strongly believe working with Enjin will give us a long term advantage in the NFT and Blockchain Gaming vertical
Tag: These informations are really valuable!
Now please share with us some new upcoming events, as well as big partners Enjinstarter has been working with during its development period.
Enjinstarter: We have been fortunate to have gotten very strong support from the investor community for our private sale and we are now working closely with each one of them to expand our project in various markets and also building micro communities. Beyond preparing for our sale we are also currently busy onboarding projects onto our platform so that we can host their sales from October onward. We are fortunate that the gaming industry has been very hot at this stage and we have been getting a steady stream of projects indicating interest to work with us.
Again this is something that we have been relying heavily on our investors for introductions to quality projects and teams.
Another area of our partnerships has been with our media partners such as Altcoinbuzz that we have been working closely to amplify our messaging to their community.
We have also been working with key opinion leaders and influencers to work closely with them to engage and interact with their audience.
TAG’s members really want to know this information!
Along with this answer, segment 1 of the AMA has been closed. I think people have had a better overview of Enjinstarter
Now we will turn to segment 2: Answer the closed question from Twitter
First of all, I would like to thank you to Tag’s members who have sent many questions about Enjinstarter to us.
Tag: Here is the first question from @junaki45: How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project? @prakashsomo
Enjinstarter: Thanks for your questions Junaki. Enjinstarter is global from day one. Being in crypto and focused on a sector like gaming we have to attract an audience that is global. English is definitely our core but working with partners we have also created micro communities. We are proud to count Tag Ventures one of our key partners and they have supported us by creating and managing our Vietnamese Telegram Group. Similarly we have also started groups in Turkey and Indonesia and looking to start more micro communities in other markets where crypto is popular and the community is interested in our project. We also have an ambassador program which allows us to hire from the community and work closely with them to support some of this group.
Tag: The second question is from @Nguyenhuybach12:
What support does Enjinstarter provide for pre and post funding projects? How can you help projects get instant profit by giving them access to liquidity even before their MainMet is launched?
Enjinstarter: Enjinstarter does a small investment ideally at seed or private stage to help projects to prepare them for a crowdfunding exercise. If large ticket investment is required we will introduce them to our qualified network of investors. Following which we will support the team with all the support they need to run a successful campaign, planning and reviewing their Tokenomics as well as exploring partnerships with our partner companies. Post funding we will also help them with community building and ecosystem development. Some projects may also require Treasury management and we will bring partners into to help them. Our involvement with all projects will be long term as our success is dependent on their and we need to work together to grow together.
We will also be providing staking in Yield Farms to earn liquidity pool tokens for our projects
Tag: The next question is from @Nira_43:
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Enjinstarter: Yes sure ! I have been fortunate to have been involved in ecosystem building as a volunteer here in Singapore and I have also been engaged as an adviser to government agencies from Australia and Austria. So I have always been passionate about ecosystem building. Similarly I have been involved in organizing events and talks to promote Blockchain in Singapore since 2014 and most of the guys that I am working with today in my core team as well as our investors and advisers are guys that I have been involved with since then. One of our seed investors is Shashwat Gupta and I was the first person he met in crypto when he came to Singapore. We have kept in touch since 2016 and he invited me to Enjin’s first community meet up in 2018. He has also been inspiring me about NFTs and Blockchain gaming for a long time and that is how we came about to starting our Enjinstarter
Tag: The 4th question is from @Lucychan200: Southeast Asia is a very vibrant market and many project developed here so with your project What do you think about Southeast Asia and do you have any plan to develop here.
Enjinstarter: Hey Lucy that is a great question. At this point of time SE Asia is a powerhouse in the Blockchain gaming industry. Vietnam is at the forefront of this mega wave and we have projects like Axie Infinity and myDEFIPet to thank for this. Beyond these projects we are definitely seeing a whole lot of gaming projects coming from Vietnam and this is one of the reasons we have put alot of effort and focus into our Vietnamese market expansion. Beyond Vietnam definitely Philippines is a key market and soon Indonesia will also come into the foray. We are proud to be a SE Asian company and we will continue to strive to work with all our partners in this region to ensure that we will build a strong core in this region.
Tag: The last question is from @TOP_MOHAMED42: What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
Enjinstarter: Great question again Mohamed. We are not perfect and I would say that our weakness would be that with COVID restrictions we are unable to travel and to build communities globally. It is even challenging to organize a physical event. Thankfully the team has been innovative to think outside the box and we have developing as many virtual events as we can even like organizing events in the Metaverse. We will be organizing a townhall before our Token Sale where everyone will be invited and come and meet the Enjinstarter team, partners. projects and the community. Once we have completed our sale we will also be planning something fun as a thank you to the community. We will be announcing details very soon.
Let’s move to the next segment because I am so eager to know about you more and more… @prakashsomo
We have just finished segment 2 of today’s AMA session, thank you for the great news!
Now, we turn to the last segment: Live questions
I will open chat box for several minutes, so all members here can share your questions.
Tag: Can you list 1-3 killer features of your project that makes it ahead of competitors? What is the competitive advantanges your platform has that you feel most confident about??
Enjinstarter: Launchpads have been around for sometime now and we have participated in many sales and we have also spoken to people who are very active in the space. We have also heard the community on what are some friction points that they have encountered and we are trying to solve those. One of the key would be to create a gamified experience on Launchpad. We are also working on using NFTs to build loyalty on Enjinstarter. So that people will participate in public sales but also work with projects on a long term basis
Tag: What are your plans on Global adoption? What is the next goal you want to achieve? Where will your main development market be?
Enjinstarter: We will be launching a new program next week. It will be our Scouts program. This is where we are looking for ecosystem builders like ourselves from all around the world to help us to identify the next big thing in Blockchain gaming and to bring these projects to us and to work with us pre and post fund raising. This is one of our strategies to be global at get go
Tag: Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
Enjinstarter: NFTs are at the core of our strategy. On top of founder tokens that will be built on NFTs we will also be working with game creators and developers to leverage NFTs as a form of fund raising and community building. NFTs will play a key role in Blockchain gaming and we will explore various strategies to find utility for them with the projects that we will be working with
Tag: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Enjinstarter: This is a great suggestion and we should work on this. But do check us out on Linktree Enjinstarter and you will find alot of resources
Tag: Tell us about your plans for 2022, what ENJINSTARTER is doing right now and plans to expand the list of major exchanges?
Enjinstarter: Our priority at this stage is to identify good projects to acelerate and we are working towards launching projects as early as October 2021. We will definitely explore our exchange strategies speaking closely to our advisers as well as looking at market conditions
Tag: Thank Enjinstarter for your time and the very insightful answers today
Once again, on behalf of TAG Ventures and the members, we would like to thank you for being here today!
Wishing Enjinstarter strong development and hoping that TAG Ventures will be a reliable partner of Enjinstarter in Vietnamese market.
Enjinstarter: Indeed we are relying strongly on your support
Thank you very much for all the support that your team has given us @Thosinhkim. We strongly believe that our success is dependent on the level of cooperation that we are having with your team. Beyond the support to Enjinstarter at this stage we will look forward to working closely with you to identify Vietnamese projects to accelerate on our platform as well as to get your support for ALL the projects that will be launched on Enjinstarter.
Thank you once again for spending your valuable Saturday with me
On the Sep 4th 2021, TAG community has a Telegram AMA with Enjinstarter
At the AMA : Prakash Somosundram, CEO & Cofounder. of Enjinstarter, introduced and shared many interesting information about Enjinstarter.
The AMA will be happening as follows:
Part1: Warm up.
Part2: Answer the selected questions from Twitter. (5 questions)
Part3: The freedom Q&A session. (5 questions)
We will start our AMA with segment 1: Warm up
Tag: Hello everybody, welcome all of you to join today excited AMA session with TAG Ventures and Enjinstarter
Please welcome our special guest today: Mr. Prakash Somosundram – CEO & Cofounder @prakashsomo
Enjinstarter: Hey @Thosinhkim how are you doing ?
Thank you very much to everyone for spending your Saturday night with us
Tag: First, could you please introduce your team and Enjinstarter? @prakashsomo
Enjinstarter: Surely. My name is Prakash Somosundram. I am the CEO and Cofounder of Enjinstarter. I believe my cofounder and CTO Alvin Tang and my head of Social Media , Chris Basil should be here for the AMA.
We are primarily a Singapore based team building for the Multiverse !
Enjinstarter is a launchpad for Blockchain Gaming and Metaverses.
We are seed invested by Enjin and are focused on building the ecosystem for Enjin as well as Efinity.
We are preparing for a Token Sale that will happen at the end of September 2021.
From October onwards we will be hosting Crowdfunding exercises for Blockchain Gaming and NFT projects.
Currently the team is 6 man strong
Tag: That’s wonderful. Thank you for introducing!
What are the competitive advantages of Enjinstarter compared to other projects?
Enjinstarter: Honestly the biggest advantage that we have has to be working with Enjin or our plans to focus on Enjin. Enjin is the earliest pioneer of Blockchain Gaming. They did their ICO in 2017 and currently they are around $1.5 Billion in market cap. They have consistently build alot of infrastructure for the Gaming industry and have also been instrumental in the development of the NFT 1155 standard in NFTs. They are currently working on rolling out a new blockchain on Polkadot called EFINITY and that project will change the entire NFT industry and provide cross chain compatibility for all NFTs.
We will be focused on building their ecosystem and this would be our greatest strength. We strongly believe working with Enjin will give us a long term advantage in the NFT and Blockchain Gaming vertical
Tag: These informations are really valuable!
Now please share with us some new upcoming events, as well as big partners Enjinstarter has been working with during its development period.
Enjinstarter: We have been fortunate to have gotten very strong support from the investor community for our private sale and we are now working closely with each one of them to expand our project in various markets and also building micro communities. Beyond preparing for our sale we are also currently busy onboarding projects onto our platform so that we can host their sales from October onward. We are fortunate that the gaming industry has been very hot at this stage and we have been getting a steady stream of projects indicating interest to work with us.
Again this is something that we have been relying heavily on our investors for introductions to quality projects and teams.
Another area of our partnerships has been with our media partners such as Altcoinbuzz that we have been working closely to amplify our messaging to their community.
We have also been working with key opinion leaders and influencers to work closely with them to engage and interact with their audience.
TAG’s members really want to know this information!
Along with this answer, segment 1 of the AMA has been closed. I think people have had a better overview of Enjinstarter
Now we will turn to segment 2: Answer the closed question from Twitter
First of all, I would like to thank you to Tag’s members who have sent many questions about Enjinstarter to us.
Tag: Here is the first question from @junaki45: How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project? @prakashsomo
Enjinstarter: Thanks for your questions Junaki. Enjinstarter is global from day one. Being in crypto and focused on a sector like gaming we have to attract an audience that is global. English is definitely our core but working with partners we have also created micro communities. We are proud to count Tag Ventures one of our key partners and they have supported us by creating and managing our Vietnamese Telegram Group. Similarly we have also started groups in Turkey and Indonesia and looking to start more micro communities in other markets where crypto is popular and the community is interested in our project. We also have an ambassador program which allows us to hire from the community and work closely with them to support some of this group.
Tag: The second question is from @Nguyenhuybach12:
What support does Enjinstarter provide for pre and post funding projects? How can you help projects get instant profit by giving them access to liquidity even before their MainMet is launched?
Enjinstarter: Enjinstarter does a small investment ideally at seed or private stage to help projects to prepare them for a crowdfunding exercise. If large ticket investment is required we will introduce them to our qualified network of investors. Following which we will support the team with all the support they need to run a successful campaign, planning and reviewing their Tokenomics as well as exploring partnerships with our partner companies. Post funding we will also help them with community building and ecosystem development. Some projects may also require Treasury management and we will bring partners into to help them. Our involvement with all projects will be long term as our success is dependent on their and we need to work together to grow together.
We will also be providing staking in Yield Farms to earn liquidity pool tokens for our projects
Tag: The next question is from @Nira_43:
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Enjinstarter: Yes sure ! I have been fortunate to have been involved in ecosystem building as a volunteer here in Singapore and I have also been engaged as an adviser to government agencies from Australia and Austria. So I have always been passionate about ecosystem building. Similarly I have been involved in organizing events and talks to promote Blockchain in Singapore since 2014 and most of the guys that I am working with today in my core team as well as our investors and advisers are guys that I have been involved with since then. One of our seed investors is Shashwat Gupta and I was the first person he met in crypto when he came to Singapore. We have kept in touch since 2016 and he invited me to Enjin’s first community meet up in 2018. He has also been inspiring me about NFTs and Blockchain gaming for a long time and that is how we came about to starting our Enjinstarter
Tag: The 4th question is from @Lucychan200: Southeast Asia is a very vibrant market and many project developed here so with your project What do you think about Southeast Asia and do you have any plan to develop here.
Enjinstarter: Hey Lucy that is a great question. At this point of time SE Asia is a powerhouse in the Blockchain gaming industry. Vietnam is at the forefront of this mega wave and we have projects like Axie Infinity and myDEFIPet to thank for this. Beyond these projects we are definitely seeing a whole lot of gaming projects coming from Vietnam and this is one of the reasons we have put alot of effort and focus into our Vietnamese market expansion. Beyond Vietnam definitely Philippines is a key market and soon Indonesia will also come into the foray. We are proud to be a SE Asian company and we will continue to strive to work with all our partners in this region to ensure that we will build a strong core in this region.
Tag: The last question is from @TOP_MOHAMED42: What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
Enjinstarter: Great question again Mohamed. We are not perfect and I would say that our weakness would be that with COVID restrictions we are unable to travel and to build communities globally. It is even challenging to organize a physical event. Thankfully the team has been innovative to think outside the box and we have developing as many virtual events as we can even like organizing events in the Metaverse. We will be organizing a townhall before our Token Sale where everyone will be invited and come and meet the Enjinstarter team, partners. projects and the community. Once we have completed our sale we will also be planning something fun as a thank you to the community. We will be announcing details very soon.
Let’s move to the next segment because I am so eager to know about you more and more… @prakashsomo
We have just finished segment 2 of today’s AMA session, thank you for the great news!
Now, we turn to the last segment: Live questions
I will open chat box for several minutes, so all members here can share your questions.
Tag: Can you list 1-3 killer features of your project that makes it ahead of competitors? What is the competitive advantanges your platform has that you feel most confident about??
Enjinstarter: Launchpads have been around for sometime now and we have participated in many sales and we have also spoken to people who are very active in the space. We have also heard the community on what are some friction points that they have encountered and we are trying to solve those. One of the key would be to create a gamified experience on Launchpad. We are also working on using NFTs to build loyalty on Enjinstarter. So that people will participate in public sales but also work with projects on a long term basis
Tag: What are your plans on Global adoption? What is the next goal you want to achieve? Where will your main development market be?
Enjinstarter: We will be launching a new program next week. It will be our Scouts program. This is where we are looking for ecosystem builders like ourselves from all around the world to help us to identify the next big thing in Blockchain gaming and to bring these projects to us and to work with us pre and post fund raising. This is one of our strategies to be global at get go
Tag: Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
Enjinstarter: NFTs are at the core of our strategy. On top of founder tokens that will be built on NFTs we will also be working with game creators and developers to leverage NFTs as a form of fund raising and community building. NFTs will play a key role in Blockchain gaming and we will explore various strategies to find utility for them with the projects that we will be working with
Tag: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Enjinstarter: This is a great suggestion and we should work on this. But do check us out on Linktree Enjinstarter and you will find alot of resources
Tag: Tell us about your plans for 2022, what ENJINSTARTER is doing right now and plans to expand the list of major exchanges?
Enjinstarter: Our priority at this stage is to identify good projects to acelerate and we are working towards launching projects as early as October 2021. We will definitely explore our exchange strategies speaking closely to our advisers as well as looking at market conditions
Tag: Thank Enjinstarter for your time and the very insightful answers today
Once again, on behalf of TAG Ventures and the members, we would like to thank you for being here today!
Wishing Enjinstarter strong development and hoping that TAG Ventures will be a reliable partner of Enjinstarter in Vietnamese market.
Enjinstarter: Indeed we are relying strongly on your support
Thank you very much for all the support that your team has given us @Thosinhkim. We strongly believe that our success is dependent on the level of cooperation that we are having with your team. Beyond the support to Enjinstarter at this stage we will look forward to working closely with you to identify Vietnamese projects to accelerate on our platform as well as to get your support for ALL the projects that will be launched on Enjinstarter.
Thank you once again for spending your valuable Saturday with me